
With regards to the monthly ES Market Profile we have rotated around the 1061.5 area forming a recent high volume node with a September POC 0f 1059.25 and a running October POC of 1061.5. We are now trading at least 50 points lower than last years lower end of yearly value area. That being said going into tomorrow, a low volume holiday, I will be looking for shorts and a rotation down before rotating up as we will need significant buying conviction and volume to rotate up from this area. Last years POC and high volume node is 1275.25.
No Comments
Filed under:
Analysis, Market Profile